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Tuesday, March 8, 2011

Talking Your Book or Pumping Your Book (VIDEO)

"Fortunately for serious minds, a bias recognized is a bias sterilized." - Benjamin Haydon

So there was a bit of talk in the YouTube 'arena' regarding how the 'doom and gloom' crowd's logic seems to be lacking on certain economic issues, despite the profits they are currently enjoying in the silver markets. How they love to portray as every corporation as corrupt, and horrendous, and not worth any money.

You know what I see when I see guys pull that nonsense?

People pumping their book ...

(Video Included. If you're seeing this entry elsewhere and cannot see the Video? Click this link to view the entry ...)

Here is the version of the video.

I mean seriously ... one guy out there? Has portrayed himself as a "The Terminator" who is going to bring down JP Morgan. I call that seriously delusional.

This is what happens when a society is raised on television, and think the lessons are applicable to investment decisions in the capital markets.

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 14 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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